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Dantalion Jones – The Mind Control Manual of Dantalion Jones
Dantalion Jones – The Mind Control Manual of Dantalion Jones
Description:Multi 10X Indicator
We use the 10X Bars as a way to quickly understand the trend quality and strength based on a more complex underlying calculation of the ADX and DMI. The 10X Bars takes the calculation that we would have to normally had as a separate set of indicators and puts that information directly on your charts so the decision-making becomes simple.
The 10X Bars works as a nice complement to the Squeeze as they can serve as confirmation to stay in a trending chart or as an early sign to GTFO (Get The Funds Out).
Combining the information from 10X Bars with volume further strengthens the signal because, as John Carter says, “Momentum + volume is magic.”
Available On: Think or Swim
How Do We Use It?
The 10X Bars Indicator was developed by Simpler as a way to understand trend quality and strength.
The 10X bars will plot green, yellow, or red based on the underlying calculation of the ADX and DMI indicators.
Green bars indicate conviction and trend to the upside.
Red bars indicate conviction and trend to the downside.
Yellow bars indicate no strong directional conviction.
Bars that show a dot indicate 30% above average volume on that timeframe, indicating stronger conviction to the trend.
For yellow bars, we want to either avoid those setups or trade them in a non-directional manner until directional conviction is established.
We want to trade in the direction of the 10X Bars as that gives us the best probability of success in a trade.
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